Oil prices fell slightly on Monday morning.

At 8:40 am (Brasilia time) this Monday (6), the August contract of WTI crude oil It registered a slight decrease of 0.28% in New York Mercantile Exchange (Nymex), quoted at US$ 68.50/barrel. The September contract for Brent It fell 0.31% in Intercontinental Exchange (ICE), trading at US$71.90/barrel.

In the last session (3), Brent advanced 0.45%, to US$ 72.12/barrel, while WTI did not close due to the Independence Day holiday in the United States.

This morning, fuel prices were pressured by investors' reaction to the announcement of a new increase in production quotas. Organization of the Petroleum Exporting Countries and allies (OPEC+), after a cartel meeting the day before (5). 

The group agreed to increase August production by 188,000 barrels per day (bpd), the fifth consecutive monthly increase and the same volume increased in July and June. 

Between April and July, the seven main members of the cartel increased their production by almost 800,000 bpd. 

This text was translated by machine from Brazilian Portuguese.